Yingli Green Energy Holding Co (YGE) Posts Q2 Loss of 55c/Share; Cuts FY12 Shipment Outlook

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Yingli Green Energy Holding Co (NYSE: YGE) reported Q2 EPS of ($0.55), $0.22 worse than the analyst estimate of ($0.33). Revenue for the quarter came in at $488.5 million versus the consensus estimate of $489.38 million.

Based on current market and operating conditions, estimated production capacity and forecast customer demand, the Company revised its PV module shipment target to be in the estimated range of 2,100 MW to 2,200 MW for fiscal year 2012, which represents an increase of 30.9% to 37.2% year over year, compared to its previously provided guidance of a more than 50% increase in shipments year over year.

For earnings history and earnings-related data on Yingli Green Energy Holding Co (YGE) click here.

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